| CATEGORY: RISERS AND FALLERS SECTOR: TRAVEL & LEISURE |
FTSE 100 movers: British Airways boosted by upgrade |
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Fri 04 Dec 2009
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LONDON (SHARECAST) - British Airways led the FTSE 100 index higher today as hopes of a US economic revival after the non-farm payroll number coincided with an upgrade from Citigroup.
The US broker raised its recommendation on the shares from ‘hold’ to ‘buy’. The airline said yesterday that long haul premium traffic is showing signs of improvement with volumes above the levels of last year and yields improving.
AstraZeneca was another riser after the US Food and Drug Administration approved the use of drug giant AstraZeneca’s bipolar disorder treatment Seroquel in conjunction with antidepressants to treat major depressive disorder (MDD).
Miner Randgold led the fallers after the gold price tumbled by nearly $45 to $1,172 as the dollar rallied on the US jobs figures.
FTSE 100 - Risers
British Airways (BAY) 212.70p +3.15%
AstraZeneca (AZN) 2,854.50p +2.98%
Sage Group (SGE) 231.40p +2.71%
British American Tobacco (BATS) 1,950.50p +2.25%
GlaxoSmithKline (GSK) 1,311.00p +2.18%
Cairn Energy (CNE) 3,149.00p +2.17%
SABMiller (SAB) 1,827.00p +1.90%
Associated British Foods (ABF) 815.00p +1.88%
FTSE 100 - Fallers
Randgold Resources (RRS) 4,983.00p -4.08%
Standard Chartered (STAN) 1,521.50p -3.09%
Xstrata (XTA) 1,070.00p -3.08%
Lonmin (LMI) 1,813.00p -2.37%
Vedanta Resources (VED) 2,397.00p -2.16%
Fresnillo (FRES) 869.00p -1.97%
Royal Bank of Scotland Group (RBS) 34.45p -1.94%
Antofagasta (ANTO) 904.00p -1.90%
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